Q4 Brings a 3.3% Boom to the U.S. Economy
In a surprising turn of events, the U.S. economy experienced a robust surge in the fourth quarter of 2023, growing at a staggering 3.3% annualized rate, surpassing Wall Street's modest…
Gold Price Swings: Factors and Strategies for Traders
Gold price (XAU/USD) encounters intraday fluctuations amid a modest USD uptick, struggling to extend gains in the European session. The US Dollar sees a surge, reaching over a one-week high,…
US Treasury’s Financial Crimes Unit Reveals Shell Company Data Access Plan
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) has a new plan to fight against bad financial activities. They want to give government groups, police, and banks access to information…
GBP/USD stays below 1.2700 before UK economic data and US PCE Price Index
The GBP/USD currency pair is kind of stuck in a tricky situation. The US dollar is bouncing back a bit from a low point, making things uncertain. Even though the…
How the U.S.-China Tech War Threatens American Companies
In the intricate web of the global economy, semiconductors play a pivotal role, powering everything from smartphones to fighter jets. As this $574 billion industry hurtles towards a trillion-dollar milestone,…
U.S. Congress Greenlights $886B Defense Bill in Bipartisan Victory
In a significant move, the U.S. House of Representatives overwhelmingly supported a defense policy bill, securing a historic $886 billion in annual military spending. The National Defense Authorization Act (NDAA)…
US Proposes Greenhouse Gas Cuts for Oil and Gas Industry
In a pivotal move toward addressing climate change, the Biden administration has put forth groundbreaking regulations aimed at reducing methane emissions from the U.S. oil and gas industry. These measures,…
Binance CEO CZ Steps Down: Deciphering the $4 Billion Settlement and Its Impact on Crypto Trading
Binance, a major crypto exchange, undergoes significant changes as CEO Changpeng Zhao (CZ) steps down in a $4 billion settlement with US authorities. Additionally, the Department of Justice concludes years-long…
FTSE 100, DAX 40, and Nasdaq: A Pause in the Rallies
As traders navigate the dynamic world of global indices, recent developments have painted a nuanced picture for key players such as the FTSE 100, DAX 40, and Nasdaq. In this…